Economic News
Indian industrialist Digant Sharma attended the inaugural Europe-Asia Economic Summit in Davos, focusing on AI and sustainability, and emphasising cross-border collaboration for sustainable innovation and global energy transition.
India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest-growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said.
The Economic Survey said that India remains the fastest-growing major economy in the worldGDP in nominal terms has been projected at 11 per cent in next fiscal.
At least three shocks have hit the global economy since 2020, Economic Survey for 2022-23 has noted.
Central banks across economies led by the Federal Reserve responded with synchronised policy rate hikes to curb inflation.
The rate hike by the US Fed drove capital into the US markets causing the US Dollar to appreciate against most currencies.
Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2022-23 in the Lok Sabha on Tuesday soon after the President Droupadi Murmu's Address to both Houses of Parliament.
The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman. The Survey details the state of economy in the current fiscal, while giving a sneak peek into the future.
US President Joe Biden held a virtual meeting with Xi Jinping. In this meeting, both the countries discussed common issues, strategic issues including mutual relations. During this meeting, Chinese President Xi said that America and China should respect each other.
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The chief aim of the NLUP, the flagship programme of Lal Thanhawla government for the past nine years, is to develop and provide all farmers of the state suitable, permanent and stable trades.
The Irish Republic, which joined the EU on the same day as Britain more than 40 years ago, is destined to share the only EU border with Britain.
Venezuelan President Nicolas Maduro claims its work will yank Venezuela out of its worsening spiral of political and economic crisis, though he has not detailed how.
China, North Korea`s main trade partner and ally, has repeatedly countered that it does not hold the key to the crisis and rejected Donald Trump`s attempts to link the issue to the trade relationship.
About 62 per cent of Egyptian mothers are illiterate.
Biswal noted that India cannot just be doing "good things" on the economic side and not manage some of these other perceptions that are being generated.
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Besides liberalisation of the services sector, the other issues, which may come up in the talks include matters related to goods tariffs.
Prime Minister Narendra Modi will be visiting Malaysia and Singapore from November 21, 2015 to November 24, 2015.
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